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News Release

October 18, 2005

DRN Commerce Inc. (DRN), Canada's leading provider of Internet-based collaborative commerce solutions for the financial services industry, today announced that it has completed a successful integration of its CollectLink technology for CUETS, the Regina-based national MasterCard® service provider for hundreds of credit unions, caisses populaires and other clients. Wide acceptance of DRN's ASP recovery management system was the driving factor for this upgrade.

"The initial attraction of the CollectLink solution was its comprehensive reporting capabilities and enhanced portfolio management of external service providers," said Ellie Rock, Executive Vice President, Credit and Chief Credit Officer for CUETS. "From the start of the integration project, it was clear DRN brings much more to their clients than a technology solution. Their knowledge of collection industry processes and assistance in creating new strategies is remarkable. Their customer support has been outstanding."

"With five new clients positioned to integrate CollectLink in Q4 of 2005 we have continued to enhance our solution and support team to assure outstanding client satisfaction and increased functionality." said Peter Young , Vice President Operations for DRN.

About DRN

DRN Commerce is a leading provider of collaborative commerce solutions, with over 23 clients and 3000 users using the platform in Canada . CollectLink processed over $10 billion dollars in 2004 resulting in increased recoveries and notable efficiencies within recovery processes of its clients and business partners. CollectLink, DRN's flagship product, is Canada 's most widely used Internet-based technology solution designed to maximize the efficiency of defaulted debt recoveries by financial institutions and other credit grantors. DRN's CollectLink software system connects financial institutions and other credit grantors to their collection agencies, law firms and other service providers across Canada through highly secure Internet-based connections. To find out more about DRN, visit www.drncommerce.com .

About CUETS

CUETS is a national supplier and partner in the Canadian co-operative system, providing a complete range of advanced payment systems and services to credit unions, caisses populaires, cardholders, merchants and other organizations. CUETS offers MasterCard® products and services, backed by one of the most widely recognized brands in the world. The CHOICE REWARDS® loyalty program gives participants flexibility in merchandise and travel rewards selection. To learn more about CUETS, visit www.cuets.ca .

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For further information, please contact:

Richard Dunwoody
VP Sales, DRN
(416) 657-2182
Karey MacLean
Corporate Communications Officer, CUETS
(306) 566-1559

 

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